No. of Recommendations: 0
Just noting, as I do my quarterly spreadsheet today, that Axonic's 5 year MYGA previously paying 5.7% a quarter ago is now paying 6.1%. I don't think in a macro sense this is "good" (we all know the 10 year treasury is up relatively sharply in this time, and borrowing is more expensive), but as none of us can do a thing about bad policy other than vote in a month and two days, take what you can get. If these stay high, given they're beating 5 year t-notes by a little over a percent today. They're beating 5 year CDs - at Marcus/Goldman, at least - by 1.7%. The ladder rebuild is in Jan/Feb.
